UPDATE 1-Market Chatter-Corporate finance press digest

Thu Jan 3, 2013 11:50am IST

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Coal Mining In The Punjab

Coal Mining In The Punjab

In Choa Saidan Shah miners dig coal with crude pick axes and load it onto donkeys to be transported to the surface earning a team of 4 workers around $10 to be split between them.  Slideshow 

Jan 3 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* Gap Inc will buy women's fashion boutique Intermix Inc for $130 million to enter the luxury clothes market, the Wall Street Journal reported.

* K2 Intelligence, the investigative company started by Jules Kroll and Jeremy Kroll, has acquired the corporate intelligence firm Thacher Associates in a deal that highlights the growing and lucrative business of internal investigations and corporate monitoring, the New York Times reported. ()

* Microsoft Corp bought start-up id8 Group R2 Studios Inc as it looks to expand further in technology focused on the home and entertainment, a person familiar with the situation said on Wednesday.

* Private-equity firm Rizvi Traverse Management LLC has closed a deal to buy a majority stake in music performance-rights company SESAC Inc for about $600 million, the Wall Street Journal reported, citing people familiar with the deal.

* Irish building material maker CRH Plc and Swiss cement and aggregates giant Holcim are in independent talks with the Shriram Group to purchase a controlling stake in Sree Jayajothi Cements, which owns a 3.2-million-tonne cement plant in Andhra Pradesh, signalling interest by overseas companies in the Indian cement market, the Economic Times reported citing a person with knowledge of the development. ()

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